Fifth Third Bank: Quality Regional Bank Undeservedly Affected By SVB's Collapse Fallout [Seeking Alpha]
Fifth Third Bancorp (FITB)
Last fifth third bancorp earnings: 4/21 06:30 am
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Source: Seeking Alpha
jetcityimageFifth Third Bank (NASDAQ:FITBSIVBSBNYare bracing for a full-blown financial system collapse. My investment thesis is that FITB's stock price should recover from the losses suffered in the aftermath of SVB's collapse and return to its pre-March 8 level because the odds are much lower than it can fail like other U.S. regional lenders. Even though it is still not unclear when the current banking crisis will end, I think that recent sell-off affecting high-quality financial institutions like FITB has been overblown and buying opportunities are present.As of March 22, FITB has lost around 19% of its value since March 8 when SVB announced its intention to raise capital inorder to fill a capital gap caused by the sale of securities classified as held-to-maturity. In comparison, the SPDR S&P Regional Banking ETF (KRE) has lost 20% of its value since Mar 8, while some of the worst-hit banks by the panic such as Western Alliance (WAL) and First Republic bank (FRC) have lost 50% and
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FITB
News
- Fifth Third Bancorp: Expensive For The Right Reasons [Seeking Alpha]Seeking Alpha
- Fifth Third Bancorp (NASDAQ: FITB) had its "equal weight" rating re-affirmed by analysts at Morgan Stanley. They now have a $36.00 price target on the stock.MarketBeat
- Fifth Third Bancorp (NASDAQ: FITB) had its price target raised by analysts at DA Davidson from $37.00 to $39.00. They now have a "neutral" rating on the stock.MarketBeat
- Fifth Third Bancorp (NASDAQ: FITB) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $40.00 price target on the stock, up previously from $39.00.MarketBeat
- Fifth Third Joins Mastercard's Priceless Planet Coalition [Yahoo! Finance]Yahoo! Finance
FITB
Earnings
- 4/19/24 - Miss
FITB
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 144
- 4/23/24 - Form 13F-HR
- FITB's page on the SEC website